• 24-Feb-2017 06:00:32 AM – USDA PROJECTS 2017/18 CORN CROP AT 14.065 BLN BUSHELS VS 15.148 BLN IN 2016/17
• 24-Feb-2017 06:00:54 AM – USDA PROJECTS 2017/18 CORN YIELD AT 170.7 BUSHELS/ACRE VS 174.6 IN 2016/17
• 24-Feb-2017 06:01:07 AM – USDA PROJECTS 2017/18 CORN ENDING STOCKS AT 2.215 BLN […]
General Comments: Cotton futures closed higher despite higher acreage projections released at the USDA Outlook Conference. It seems that the trade had feared even bigger planted area estimates. The planted area could increase, but seems to be a reasonable estimate and now many in the trade will calculate production potential base don a […]
Crazy weather in the U.S. which has slowed rail shipments to exporting terminals is leading to China to cash in on the demand and capitalizing on shortages of U.S. tender in the Japan and South Korean markets. Even though these are not large percentages at the moment but the key fundamental support in the U.S. […]Continue Reading →
There are 9 million reasons to get excited about the U.S. energy industry as U.S. oil production got back over 9 million barrels a day last week and U.S. energy exports are at a modern record all-time high. Still, oil prices closed at the highest level in 19 months as the uptick in production is […]Continue Reading →
General Comments: Cotton futures were mostly lower, but March closed higher on the light deliveries and forced a correction in the carry spreads. Chart trends are down on the daily charts and the weekly charts show that the up trend got hurt. Futures now appear ready to test longer term support near 7200 […]
DJ IGC Sees 2016-17 Global Grain Output at Over 2.1B Tons
By Ed Ballard
LONDON–The International Grains Council said Thursday it expects global grain production to top 2.1 billion metric tons for the first time as it raised its production forecast amid favorable weather.
The IGC increased its monthly output forecast for […]
With the Ethanol conference in San Diego this week President Trump wrote a letter assuring the industry of his beliefs of the importance of renewable fuels to America’s economy and is working to change the regulatory burden and reiterated that Greg Pruitt as the new head of the Environmental Agency (EPA) and senior advisor Carl […]Continue Reading →
Oil is rising on peak oil concerns. OK, not the old failed ideology of “peak oil” but the fact that U.S. oil supply in the U.S. may have peaked as well as Exxon Mobil’s proven reserve. The American Petroleum Institute (API) in their weekly report said we had the first crude oil drawdown of the […]Continue Reading →
MAR SOYBEANS Mar Beans had a real roller-coaster ride – buffeted by the world ‘s voracious appetite for our grains & a slumping dollar – against benevolent weather in South America – promising a record crop – at least in Brazil! S/A trumped all forcing a 27 cent weekly loss & a close at 1032 […]Continue Reading →
DJ USDA Grain Inspections for Export in Metric Tons – Feb 21
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH GIPSA’S AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS […]
General Comments: Cotton futures were higher, but nearby March was barely higher as that month goes into delivery. Chart trends are down on the daily charts and the weekly charts show that the up trend got hurt. Futures now appear ready to test longer term support near 7200 May. US export demand remains […]
Yesterdays continued positive exports helped the Corn market to settle higher on the day closing close to the highs. It was not a fantastic rally but it showed how the exports are supporting this market as investors look to sell any substantial rally. In the overnight electronic session the March contract is currently trading at […]Continue Reading →
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